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Feb 15, 2013
02/13
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mandy drury is here. they seem to become united on stopping the tax-free shopping. they want the cash. >> absolutely. critics on both sides of the aisle have introduced legislation that could force retailers to collect sales taxes in order to end the handicappeds on the brick and mortar stores. it would allow taxes on transactions from within the state so long as the online business has more than $1 million in annual domestic sales. on the flipside, as you can imagine, some tech companies have spoken out and argued that an online sales tax like that would stunt the growth of online retail and some republicans have even said it's basically a tax increase. we'll have to see how it goes and it's quite significant for stocks like amazon. >> and speaking of shopping, that iconic blue box from tiffany's, tiffany's suing costco because of knock-often gaugeme off engagement rings? >> yes. not just recently but apparently for many years. the lawsuit will seek exactly how many rings costco sold and the source of the jewelry and they are seeking damages. a very interesting cas
mandy drury is here. they seem to become united on stopping the tax-free shopping. they want the cash. >> absolutely. critics on both sides of the aisle have introduced legislation that could force retailers to collect sales taxes in order to end the handicappeds on the brick and mortar stores. it would allow taxes on transactions from within the state so long as the online business has more than $1 million in annual domestic sales. on the flipside, as you can imagine, some tech companies...
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Oct 3, 2013
10/13
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. >> cnbc's mandy drury is here with what's moving your money. >> mandy, good morning. >> good morning. >> does wall street seem to be reacting at all to the call of concern? >> wall street is down today and you know what the problem is? it is the lingering uncertainty and congress is showing little sign of progress toward resolving the stalemate and as we always say, wall street hates uncertainty. it's very difficult to place bets and very difficult to make trades with the unknown, and i think the market really wants to believe, chris, that the debt ceiling will get raised and no president wants to preside over that under their watch so you can hopefully think that maybe something will get done on that front, but you know, if you take a look at what's happening offshore in the offshore markets, most stock marketsly i on. as i say, when it comes to the markets here what they're worried about is the unknown as opposed to the known. >> it is stirring a lot of reaction in the newsroom this morning. a new go-cup from kfc. it's the kfc go-cup. a new menu item. if you absolutely have to have
. >> cnbc's mandy drury is here with what's moving your money. >> mandy, good morning. >> good morning. >> does wall street seem to be reacting at all to the call of concern? >> wall street is down today and you know what the problem is? it is the lingering uncertainty and congress is showing little sign of progress toward resolving the stalemate and as we always say, wall street hates uncertainty. it's very difficult to place bets and very difficult to make trades...
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Feb 11, 2013
02/13
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cnbc's mandy drury is here with what's moving your money. like a dick tracy watch? >> absolutely. the word is apple is experimenting with designs for a watch-like device that would perform some functions of a smartphone. of course, other companies have introduced various kinds of wearable gage either, you may even have one while you're jogging that measures physical activity, but you have to make that extra leap. it could be quite difficult, because you have to address all kinds of challenges like making the displays more power efficient, and obviously the device would also need to work closely with the iphone as well. >>> all right. only a few more days until valentine's day. cupid is about to give the economy a shot in the arm. >> guess how much the average person is planning to spend this valentine's day? ivities i actually know the answer, but i would have guessed like, what, $50, $60? >> according to big insight, over $130. i was surprised, too. that was on everything, candy, cards, gifts, i don't know, romantic evening out? it is only a slight increase from last year, which
cnbc's mandy drury is here with what's moving your money. like a dick tracy watch? >> absolutely. the word is apple is experimenting with designs for a watch-like device that would perform some functions of a smartphone. of course, other companies have introduced various kinds of wearable gage either, you may even have one while you're jogging that measures physical activity, but you have to make that extra leap. it could be quite difficult, because you have to address all kinds of...
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Feb 6, 2013
02/13
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mandy drury is here with what's moving your money. good morning, mandy. >> good morning to you, chris. you're absolutely right. from august, no mail on saturday. but packages will continue six days a week, and it's also aimed at saving about $2 billion annually. so all in all, wouldn't you say a good thing. in australia, we've never had saturday mail and it hasn't hurt us. anyway, why is package delivery going to continue? well, it has increased by 14% since 2010, chris. the delivery of letters and other mail, as you can imagine, has been declining with the increasing use of e-mail. also post offices now open on saturdays will remain open on saturdays. and the postmaster general thinks that most americans are going to take this new schedule in stride and be onboard. let's listen in. >> 70% of americans have consistently said that they would support five-day schedule for mail and package delivery given the financial condition of the postal service. >> and also, keep in mind, you know what the post office's biggest problem is, chris? it
mandy drury is here with what's moving your money. good morning, mandy. >> good morning to you, chris. you're absolutely right. from august, no mail on saturday. but packages will continue six days a week, and it's also aimed at saving about $2 billion annually. so all in all, wouldn't you say a good thing. in australia, we've never had saturday mail and it hasn't hurt us. anyway, why is package delivery going to continue? well, it has increased by 14% since 2010, chris. the delivery of...
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Feb 5, 2013
02/13
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cnbc's mandy drury is here with what's moving your money. mandy, a lawsuit against standard & poor's has been filed. what's that about? >> they're suggesting that s&p ignored their own standards to raise mortgage bonds that imploded in the financial crisis. we know the story well. and at the end of the day, it really cost investors billions of dollars and wreaked a lot of havoc. the civil charges by the u.s. attorney general, eric holder, are the first action against a credit rating firm over the crisis, but s&p said it came out with a statement yesterday and said the government suit is entirely without factual or legal merit and it also denied wrongdoing. so we're just going to have to see how this story unfolds from here, chris. >> and what is going on with gas prices? i was in california overing the weekend, a little sticker shock there. but it's certainly not just there. most expensive ever for this time of year. >> ever, ever. the current average is $3.53 a gallon. that is, of course, the average nationwide. that is up 23 cents from a m
cnbc's mandy drury is here with what's moving your money. mandy, a lawsuit against standard & poor's has been filed. what's that about? >> they're suggesting that s&p ignored their own standards to raise mortgage bonds that imploded in the financial crisis. we know the story well. and at the end of the day, it really cost investors billions of dollars and wreaked a lot of havoc. the civil charges by the u.s. attorney general, eric holder, are the first action against a credit...
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Sep 26, 2013
09/13
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online fake reviews is a whole different ball game. >> cnbc's mandy drury. always good to see you, my friend. thank you. >> thank you. >>> here's forbes new list of the best states for future job growth. number five is florida, north dakota, number four, followed by colorado. the runner-up is texas. you probably know governor rick perry has been making a pr push to bring people to his state and arizona. a list of the full list is jansing.msnbc.com. before the last grandchild. before the first grandchild. smile. before katie, debbie, kevin and brad... there was a connection that started it all and made the future the wonderful thing it turned out to be... at bank of america, we know we're not the center of your life, but we'll do our best to help you connect to what is. with an innovative showerhead plus wireless speaker, kohler is the proud sponsor of singing in the shower. we've been bringing people together. today, we'd like people to come together on something that concerns all of us. obesity. and as the nation's leading beverage company, we can play an i
online fake reviews is a whole different ball game. >> cnbc's mandy drury. always good to see you, my friend. thank you. >> thank you. >>> here's forbes new list of the best states for future job growth. number five is florida, north dakota, number four, followed by colorado. the runner-up is texas. you probably know governor rick perry has been making a pr push to bring people to his state and arizona. a list of the full list is jansing.msnbc.com. before the last...
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Oct 9, 2013
10/13
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mandy drury is here with what's moving your money. a new survey is out. what is going on? >> reporter: it seems that the business people that we're talking about are opting for cheaper eats, even if it is on the boss's dime. obviously a lot of people are lucky enough to be armed with a corporate credit card. but it turns out aerd couccordi survey that you are far more likely to opt to mcdonald's or starbucks that are del frisco's. the survey found although the average per meal spending has risen, many business travelers are still opting for things like starbucks, mcdonald's at number two, subway and also panera bread but there are some regional differences in food spending, so, you know, in most cities you've got starbucks beating out the competition. but here in new york city, apparently business people are opting for seamless. that accounts for more than 7%. >> you put in your zip code and it tells you how many restaurants in your neighborhood deliver. in my neighborhood it's like over 200. it's insanity. >>> there's nothing cheap about this. delta is expanding this prog
mandy drury is here with what's moving your money. a new survey is out. what is going on? >> reporter: it seems that the business people that we're talking about are opting for cheaper eats, even if it is on the boss's dime. obviously a lot of people are lucky enough to be armed with a corporate credit card. but it turns out aerd couccordi survey that you are far more likely to opt to mcdonald's or starbucks that are del frisco's. the survey found although the average per meal spending...
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Nov 7, 2013
11/13
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cnbc's mandy drury is here with what's moving your money. let's start with twitter about to start trading on the new york stock exchange. what's the timeline here? >> it should be any minute now. we're obviously just waiting and i'm keeping an eye on the breaking news ticker right here. the twitter's opening price is indicating $45.50 to $46.50 right now. the ipo price last night obviously at $26 bucks. so we're expecting a pop at the open here. i have just one stat for you, chris, and that is if the shares started trading at 42 bucks that would be an over 60% jump from the $26 initial public offering price as i said, that was given yesterday. the ipo values twitter at over $14 billion. that would make it, chris, the second largest internet offering here in the united states behind facebook's ipo last year and that was 16 billion and it's even ahead of google's ipo all of the way back to 2004 and the nyse has done everything it can to make sure that the debut goes smoothly. they do not want a face-book style debut which admittedly was on the
cnbc's mandy drury is here with what's moving your money. let's start with twitter about to start trading on the new york stock exchange. what's the timeline here? >> it should be any minute now. we're obviously just waiting and i'm keeping an eye on the breaking news ticker right here. the twitter's opening price is indicating $45.50 to $46.50 right now. the ipo price last night obviously at $26 bucks. so we're expecting a pop at the open here. i have just one stat for you, chris, and...
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Oct 2, 2013
10/13
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mandy drury is here with what's moving your money. 800,000 government workers. at least some of them won't have to worry about their car payment. >> reporter: hyundai is offering to defer new car payments for those workers, which means, you know, the workers who buy or lease cars this month will not have to make any payments until january. if you already own a hyundai that's financed through the company, you won't have to make payments until you go back to work. but you know what, this isn't the first time hyundai has stepped up to the plate in this kind of situation. four years ago, it did offer u.s. customers who lost their jobs, remember back in the dark days of the financial crisis and the recession, and it offered those u.s. customers who lost their jobs the chance to return their new cars for a refund and actually boosted sales at what was essential low a low point in the economic downturn. so hyundai once again is stepping up to the plate. >> we're also hearing that bars across the country have been offering drink specials for furloughed government employ
mandy drury is here with what's moving your money. 800,000 government workers. at least some of them won't have to worry about their car payment. >> reporter: hyundai is offering to defer new car payments for those workers, which means, you know, the workers who buy or lease cars this month will not have to make any payments until january. if you already own a hyundai that's financed through the company, you won't have to make payments until you go back to work. but you know what, this...
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Oct 15, 2013
10/13
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cnbc's mandy drury for that. we're again, still waiting for speaker boehner to come to the microphones. we'll have that right after this. oh yeah. the cinna-sweet taste you just can't resist. cinnamon toast crunch. crave those crazy squares®. i remember thinking there's a lot i have to do... check my blood sugar, eat better. start insulin. today i learned there's something i don't have to do anymore. my doctor said with levemir® flexpen... i don't have to use a syringe and a vial. levemir® flexpen comes prefilled with long-acting insulin taken once daily for type 2 diabetes to help control high blood sugar. dial the exact dose. inject by pushing a button. no drawing from a vial. no refrigeration for up to 42 days. levemir® (insulin detemir [rdna origin] injection) is not recommended to treat diabetic ketoacidosis. do not use levemir® if you are allergic to any of its ingredients. the most common side effect is low blood sugar, which may cause symptoms such as sweating, shakiness, confusion, and headache. sev
cnbc's mandy drury for that. we're again, still waiting for speaker boehner to come to the microphones. we'll have that right after this. oh yeah. the cinna-sweet taste you just can't resist. cinnamon toast crunch. crave those crazy squares®. i remember thinking there's a lot i have to do... check my blood sugar, eat better. start insulin. today i learned there's something i don't have to do anymore. my doctor said with levemir® flexpen... i don't have to use a syringe and a vial. levemir®...
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Oct 16, 2013
10/13
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mandy drury is here with what's moving your money. mandy, good by to those bulky seats. i guess they're slimming them down for more profit, right? >> i don't get it. we're all getting bigger, but somehow the seats are getting smaller. the big u.s. airlines are taking out the old bulky seats in favor of these so-called slim line models that take up less space from front to back and that, believe it or not, allows for maybe five or even six more seats on each plane which obviously means more paying passengers and a smaller fuel bill as well because the seats are slightly lighter. but to add insult to injury, guess what, these new seats generally have thinner padding as well and the new layouts on some of the planes have made the aisles slightly narrower so that whole like airplane experience, not really getting much better. >> it's getting more interesting, shall we say. >>> oreos maybe that's what we need to eat while we're on the plane here. >> there is scientific proof that oreos are indeed addictive, as addictive as cocaine, at least for lab rats, according to one stud
mandy drury is here with what's moving your money. mandy, good by to those bulky seats. i guess they're slimming them down for more profit, right? >> i don't get it. we're all getting bigger, but somehow the seats are getting smaller. the big u.s. airlines are taking out the old bulky seats in favor of these so-called slim line models that take up less space from front to back and that, believe it or not, allows for maybe five or even six more seats on each plane which obviously means...
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Aug 9, 2013
08/13
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mandy drury is here with what is moving your money. concert tickets can get ridiculous for big acts but kidd rock is seeing big dividends by offering 20 dollars. >> every seat for his show is $20! he is declaring himself a music business revolution. not only is the ticket $20, beers are 4 bucks and thanks to these cheap tickets, i believe in mow markets his show's attendance is up substantially in 2011 and inome cases, three-fold and remaining six weeks of shows with an opener from zz top as well are nearly sold out. but you know what i think is really fantastic? these ticket prices aren't just a little bit of a difference from, you know, other concert prices. it's a big difference. you can pay hundreds and hundreds of dollars for the likes of the eagles, pink, rolling stones, one direction, if you believe it, $674 for a ticket! unbelievable, right? >> wow, wow! okay. on the heels of yahoo! completing its acquisition of the international blowinging service tumbler they want to keep the tumbler founder and they are giving him a lot of m
mandy drury is here with what is moving your money. concert tickets can get ridiculous for big acts but kidd rock is seeing big dividends by offering 20 dollars. >> every seat for his show is $20! he is declaring himself a music business revolution. not only is the ticket $20, beers are 4 bucks and thanks to these cheap tickets, i believe in mow markets his show's attendance is up substantially in 2011 and inome cases, three-fold and remaining six weeks of shows with an opener from zz top...
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Feb 25, 2013
02/13
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mandy drury, thank you. >> did you watch the oscars last night, mandy? >> i didn't actual ly. >> i'm going to tell you who i thought the best dressed were. >> who? >> this is my list. nobody's but mine. charlize theron. would look great in paper sack. jennifer hudson, you believable. jennifer lawrence who took home a trophy and a lot of best dressed awards. jessica chastain who just looks like old hollywood glamour. a dress if i was going have a dress, you can't see the detail on this, but queen latifah looked awesome. that's my list. >> very tasteful. i agree. this is kevin. to prove to you that aleve is the better choice for him, he's agreed to give it up. that's today? [ male announcer ] we'll be with him all day as he goes back to taking tylenol. i was okay, but after lunch my knee started to hurt again. and now i've got to take more pills. ♪ yup. another pill stop. can i get my aleve back yet? ♪ for my pain, i want my aleve. ♪ [ male announcer ] look for the easy-open red arthritis cap. to prove febreze can keep this car fresh, we loaded it wi
mandy drury, thank you. >> did you watch the oscars last night, mandy? >> i didn't actual ly. >> i'm going to tell you who i thought the best dressed were. >> who? >> this is my list. nobody's but mine. charlize theron. would look great in paper sack. jennifer hudson, you believable. jennifer lawrence who took home a trophy and a lot of best dressed awards. jessica chastain who just looks like old hollywood glamour. a dress if i was going have a dress, you can't...
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Jan 11, 2013
01/13
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. >> cnbc's mandy drury is here with what's moving your money. there have been several instances with the dreamliner including one overnight, a 3-foot crack appeared in the window of a 787. do we know what investigators will be focusing on here? >> it's a joint review of safety issues with the 787 and focused on all kinds of things like the electrical system, quality controls that are used in the manufacturing process and it's also going to cover the 787's critical systems and that includes design and assembly. the bottom line here is to try to find out exactly where along the process these problems are occurring, fix them and try to make sure they do not happen again in the future. >> meantime, mixed news on jobs, ford is hearing but american express is firing. >> why don't we start with good news, ford is planning to hire 2,200 engineers, computer programmers and various other white collar workers this year because u.s. demand for vehicles is picking up. that is in addition to the 8,100 salary an hourly jobs they added last year. honda plans to
. >> cnbc's mandy drury is here with what's moving your money. there have been several instances with the dreamliner including one overnight, a 3-foot crack appeared in the window of a 787. do we know what investigators will be focusing on here? >> it's a joint review of safety issues with the 787 and focused on all kinds of things like the electrical system, quality controls that are used in the manufacturing process and it's also going to cover the 787's critical systems and that...
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Oct 22, 2013
10/13
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cnbc's mandy drury is here with what's moving your money on this day. all right, so what do we expect? how many tablets? what are they. >> reporter: it's all very exciting for those people who like apple products. we've got new versions of the full-sized ipad and the ipad mini. of course just in time for the year-end holiday shopping season. and the ipad 5 is expected to be thinner and lighter. the ipad mini 2 is likely to include a high resolution retina display, possibly with a fingerprint sensor, and the color scheme of both those ipads is expected to match the iphone 5s. we had the space gray, champagne gold and also the silver. we may also get a new macbook pro. but here's the thing. we're talking evolutionary and not revolutionary. in other words, basically an upgrade similar to the iphone 5s. but as for what's happening in the tablet space, apple obviously has the biggest share of the global tablet market, it's got 33% followed by samsung with 19% and then there's all those others, there's acis, lenovo. but it's a day of lots of presents. you hav
cnbc's mandy drury is here with what's moving your money on this day. all right, so what do we expect? how many tablets? what are they. >> reporter: it's all very exciting for those people who like apple products. we've got new versions of the full-sized ipad and the ipad mini. of course just in time for the year-end holiday shopping season. and the ipad 5 is expected to be thinner and lighter. the ipad mini 2 is likely to include a high resolution retina display, possibly with a...
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Nov 5, 2013
11/13
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cnbc's mandy drury is here with what's moving your money. i mean last year we did see some stores open after the dinner hour, but this year at least one major retailer is going to be open all day long? >> absolutely. and some are even going so far as saying that black friday is officially dead because all these retailers are increasingly starting it all in those wee small hours of thanksgiving day. so you've got a lot of retailers like j.c. penney, kohl's, macy's, sears, are pushing it. k-mart and sears are planning to open at 6:00 a.m. thanksgiving day. so that's like a thanksgiving marathon if you're up for it. well, you can shop instead of having a traditional holiday family dinner. wait, as you can imagine, i think it's very controversial. you know, this holiday creep is obviously asking a lot of questions like, you know, well, isn't it supposed to be about the family? nonetheless, there you go. and toys r us decided to open at 9:00 p.m. thanksgiving night two years ago and all these retailers wanting a buck from us have been catching on
cnbc's mandy drury is here with what's moving your money. i mean last year we did see some stores open after the dinner hour, but this year at least one major retailer is going to be open all day long? >> absolutely. and some are even going so far as saying that black friday is officially dead because all these retailers are increasingly starting it all in those wee small hours of thanksgiving day. so you've got a lot of retailers like j.c. penney, kohl's, macy's, sears, are pushing it....
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Feb 20, 2013
02/13
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cnbc's mandy drury is here with the details in what's moving your money. this story is getting a lot of traction. >> it is, the obama administration does need to get serious about this. it really is increasing evidence of a campaign not just like one offs but a campaign of cyber stealing and, you're right, it has been linked to the chinese government. they are looking to develop a more aggressive response which could include -- we're talking about the theft of u.s. government data and corporate trade secrets, it could include new measures like fines and other trade actions against apple has confirmed that had has been a victim of the widest known cyber attack on the computers and try to down play the consequences and say no important data was stolen. as yet the full extent of the breach is not entirely clear. what we do no, hackers infected mac computers of apple employees with malicious software that has been designed to attack mac computers and reps for apple say they are working with law enforcement officers to try and find hackers that again they belie
cnbc's mandy drury is here with the details in what's moving your money. this story is getting a lot of traction. >> it is, the obama administration does need to get serious about this. it really is increasing evidence of a campaign not just like one offs but a campaign of cyber stealing and, you're right, it has been linked to the chinese government. they are looking to develop a more aggressive response which could include -- we're talking about the theft of u.s. government data and...
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Sep 13, 2013
09/13
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mandy drury is here with what's moving your money. i'm telling you, people going crazy over this. >> yeah, we haven't seen this much since facebook, remember that? you know, they tweeted it out. this is what they tweeted. we've confidentially submitted an s-1 to the s.e.c. for a planned ipo. this does not constitute an offer of any securities for sale. following that initial announcement, twitter's official account sent out another tweet, chris, saying now, back to work. obviously a lot of us use twitter, we love twitter. you're probably wondering how can i get in on this action as well. we have to wait and see. we don't know if there are any shares for us, the individual investor, because we have very few details at this stage. we're in the dark about how many shares of the social media company will be offered, the timing of the offering, the price of the shares. typically ipos of these big much awaited ipos are doled out by the investment bankers to their favored clients and long-standing customers so us, the individual, usually has
mandy drury is here with what's moving your money. i'm telling you, people going crazy over this. >> yeah, we haven't seen this much since facebook, remember that? you know, they tweeted it out. this is what they tweeted. we've confidentially submitted an s-1 to the s.e.c. for a planned ipo. this does not constitute an offer of any securities for sale. following that initial announcement, twitter's official account sent out another tweet, chris, saying now, back to work. obviously a lot...
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Aug 23, 2013
08/13
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cnbc mandy drury, thank you. have a good weekend. >> you too. >>> getting paid to look pretty. forbes out with its list of the highest paid models. number five is cruz, one of victoria secret's angles and makes almost $7 billion. also an angel, adriana. number three is natalia. 8.6 million. kate moss is the runner-up even though we have split her in half there. that's good. earning more than $9 million. the top earning model, mrs. tom brady. gisele bundchen. guess how much she made? $45 million! oh, to be beautiful! the full list is up at jansing.msnbc.com. jelly's a stable in our house for school lunches look at walmart's price. wow! that's great. if you find a lower advertised price they'll match it at the register. really... yeah, in a "jif". that's walmart's everyday low price. seriously?! yeah! now you have everything you need for back to school. that was easy. more school for your money. guaranteed. ok, here you go. what?! that's the walmart low price guarantee backed by ad match. save time and money getting your kids ready for school. bring in receipts from your local st
cnbc mandy drury, thank you. have a good weekend. >> you too. >>> getting paid to look pretty. forbes out with its list of the highest paid models. number five is cruz, one of victoria secret's angles and makes almost $7 billion. also an angel, adriana. number three is natalia. 8.6 million. kate moss is the runner-up even though we have split her in half there. that's good. earning more than $9 million. the top earning model, mrs. tom brady. gisele bundchen. guess how much she...
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Feb 7, 2013
02/13
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mandy drury is here with what's moving your money. cnbc reporting this, a deal between american and us airways pretty close to being done. >> that's absolutely right, chris. and as american airlines and us airways, which by the way is the parent close to reaching a merger agreement in a deal that would create the world's largest airline which is possibly going to be an announcement of the deal in the next couple of weeks. now, the talk here is, chris, that an all stock deal between those two air carriers would be executed as a reorganization plan that takes amr out of chapter 11 bankruptcy protection and the combined company would be worth apparently more than $10 billion. so as we say, we could be getting that finalization of an announcement in the next couple of weeks. we'll have to watch out. >> is another story i know you've been watching, "jansing & co." meets at 5:30 in the morning. i'm going to say we're not always completely awake, but people's eyes bugged open this morning when we heard about this milestone for apple itunes.
mandy drury is here with what's moving your money. cnbc reporting this, a deal between american and us airways pretty close to being done. >> that's absolutely right, chris. and as american airlines and us airways, which by the way is the parent close to reaching a merger agreement in a deal that would create the world's largest airline which is possibly going to be an announcement of the deal in the next couple of weeks. now, the talk here is, chris, that an all stock deal between those...
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Nov 8, 2013
11/13
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mandy drury is here. so just how hot is twitter after its launch? >> well, yesterday in its debut the shares shot up 73%, which really isn't bad for a 7-year-old company and it is now in the history books, chris, as one of the biggest internet ipos on record. however, today we're coming back down to earth a little bit. in fact we're moving to the downside in terms of the share price. you can see it there on your screen. you know, after all, this is a company that is not yet profitable. it is going to be under wall street scrutiny every single earnings quarter. but it still made several people like the chairman jack dorsey and the co-founder evan williams overnight billionaires, so whatever the price is doing today, i guess they're laughing all the way to the bank. >> is there any unanimity of opinion on wall street about where this is going next, or is it cautious? >> i think there is a fair amount of cautiousness there because you know what, as i was saying, it doesn't make money. there's revenue but it's not actually profit al. i think what a lot
mandy drury is here. so just how hot is twitter after its launch? >> well, yesterday in its debut the shares shot up 73%, which really isn't bad for a 7-year-old company and it is now in the history books, chris, as one of the biggest internet ipos on record. however, today we're coming back down to earth a little bit. in fact we're moving to the downside in terms of the share price. you can see it there on your screen. you know, after all, this is a company that is not yet profitable. it...
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Nov 12, 2013
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cnbc's mandy drury is here with what's moving your money. mandy, we've got the world's largest retailer opening its doors two hours earlier this year. what, 6:00 p.m.? >> yep. is nothing sacred anymore? >> no. not where there's cash involved. >> walmart will not be outdone. so many retailers are opening on thanksgiving. target, best buy, k-mart and many, many others. it was just a matter of time before walmart jumped on this bandwagon but according to data from comscore online spending on thanksgiving day increased from 2011 to 2012 which makes me feel a little better about it. it's thanksgiving and if you have to go out to the mall and take that time away from your family, that's one thing. if it's online maybe not so bad. apparently over the past five years online shopping on thanksgiving has increased 132%. so thanksgiving has become a huge day for those retailers to rake in the bucks for online shopping. keep in mind total online spending for thanksgiving day, $633 million last year is still small compared with the more than $1 billion t
cnbc's mandy drury is here with what's moving your money. mandy, we've got the world's largest retailer opening its doors two hours earlier this year. what, 6:00 p.m.? >> yep. is nothing sacred anymore? >> no. not where there's cash involved. >> walmart will not be outdone. so many retailers are opening on thanksgiving. target, best buy, k-mart and many, many others. it was just a matter of time before walmart jumped on this bandwagon but according to data from comscore online...
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Oct 4, 2013
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cnbc's mandy drury is here with what's moving your money. so how much cash are we talking about here? >> reporter: okay. well, this is what we're looking at. obviously it's the largest silicon valley ipo since facebook's ipo last year. twitter's target is to raise $1 billion, but there is some analysts out there that estimate that twitter could be worth as much as $15 billion, which is obviously just a fraction of what facebook was worth at the time of its debut. we believe it could begin trading in november but it has not revealed the u.s. exchange, the stock exchange or the nasdaq. it's only eight years old but obviously it's become a realtime communications channel where pretty much everyone from the pope we were just talking about to the president. but the thing is here that wall street wants to know can it make money. you know, show me the money. that's always the important thing if you're going to be investing in a company and growth has been slowing down because it had an explosive expansion around the world so we need to make sure it
cnbc's mandy drury is here with what's moving your money. so how much cash are we talking about here? >> reporter: okay. well, this is what we're looking at. obviously it's the largest silicon valley ipo since facebook's ipo last year. twitter's target is to raise $1 billion, but there is some analysts out there that estimate that twitter could be worth as much as $15 billion, which is obviously just a fraction of what facebook was worth at the time of its debut. we believe it could begin...
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Feb 22, 2013
02/13
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cnbc's mandy drury is here with what's moving your money. "the wall street journal" reports that worried companies are scrambling to meet changing demand. >> yeah. you're absolutely right, chris. lots of retailers in fact are really trying to adjust to this brave new world if you like. we've got consumers like us. we've all got smaller pay checks right? the 2% payroll tax hike. i think hurts a household with $65,000 in annual income about $1,300 this year. so that's real money. we've got gasoline prices which have jumped nearly 50 cents a gallon in the past month alone. so you've got companies like walmart stocking more of its shelves with cheaper products and smaller sized packages of everything from toilet paper to snacks to diapers you name it, daily necessities. also burger king is cutting its whopper junior sandwich to $1.29 from about $2 and focusing its ads on its value menu items rather than higher priced salads or smoothies and also kraft and meat supplier tyson foods introducing more lower priced products to help restaurants and su
cnbc's mandy drury is here with what's moving your money. "the wall street journal" reports that worried companies are scrambling to meet changing demand. >> yeah. you're absolutely right, chris. lots of retailers in fact are really trying to adjust to this brave new world if you like. we've got consumers like us. we've all got smaller pay checks right? the 2% payroll tax hike. i think hurts a household with $65,000 in annual income about $1,300 this year. so that's real money....
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Nov 4, 2013
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cnbc's mandy drury is here with what's moving your money. what are you hearing, mandy? >> yeah, the stock is really tanking right now. it was down about 11% just a moment ago when i checked. the news is it's abandoning the plan to sell itself. it's going to be replacing its ceo. he came in when things were already bad and things have gone from bad to worse. it's going to raise about $1 billion from institutional investors including its largest shareholder, which is fairfax financial. and i guess some of the reaction to the stock here is a lot of people say it's disappointing fairfax is not going to buy the struggling smartphone company and take it private. you might remember back in september fairfax announced a tentative $9 a share for blackberry but they were struggling to finance the bid which was $4.7 billion. blackberry has fallen a long way. it's always a sad story when this was once canada's most valuable company with a market value of $83 billion in 2008 and the stock has plummeted to less than seven bucks from over $140 a share. so we'll hope to see it survive
cnbc's mandy drury is here with what's moving your money. what are you hearing, mandy? >> yeah, the stock is really tanking right now. it was down about 11% just a moment ago when i checked. the news is it's abandoning the plan to sell itself. it's going to be replacing its ceo. he came in when things were already bad and things have gone from bad to worse. it's going to raise about $1 billion from institutional investors including its largest shareholder, which is fairfax financial. and...